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Second Reading Speeches

Nation-building Funds Bill 2008

Type
Government
Portfolio
Finance and Deregulation
Originating house
House of Representatives
Status
Act
Parliament no
42

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Summary

Introduced with the Nation-building Funds (Consequential Amendments) Bill 2008 and further to the COAG Reform Fund Bill 2008, the bill establishes three financial asset funds to provide capital investment in transport, communications, energy, water, higher and vocational education and health infrastructure: the Building Australia Fund, the Education Investment Fund and the Health and Hospitals Fund. The funds will be established as special accounts in the Consolidated Revenue Fund and will be managed by the Future Fund Board of Guardians.